Automobile sector is growing very fast. In terms of revenue, it is one of the largest industries in the world.
Manufacturers are constantly competing for the top position in both production and revenue. Many companies are joint ventures, making the classification of top manufacturers complicated. The major manufacturers of the automobile sector are European, American, Japanese, Korean and Chinese countries. The basis for comparison is endless as to which company should top the list. Some of them are revenue, market capitalization and production. Here we will talk about those car companies whose production is the highest.
PSA Group: 3,649,742
It is a French multinational car manufacturer. The legal name of this company is Peugeot SA. Its production output is 3.5 million. It generates net revenue of €74.731 billion.
Renault: 4,513,589
This is also a French company. Since it is more focused on the European market, it mostly adapts smaller vehicles to the narrow streets and roads of Europe. As of 2020, Renault’s net revenue was €3.75 billion.
Fiat-Chrysler Automobiles: 4,600,847
In 2009, it was taken over by Italian small car maker, Fiat, after Chrysler declared bankruptcy. In January 2020, the company announced its new name, Stelantis.
Honda: 5,235,842
The Japan-based company has been the world’s largest automobile manufacturer since 1959. It has produced around 400 million motorcycles and 5.2 million cars. It generates 15.36 trillion euros in revenue.
Nissan: 5,769,277
Another Japanese company, Nissan, is part of the Renault-Nissan-Mitsubishi Alliance. The company’s net revenue was 9.878 trillion euros.
Ford: 6,386,818
Ford is an American manufacturing company. It is one of the few companies that was not bailed out by the government in 2009 during the Global Financial Crisis. The current value of Ford is approximately USD 12 billion.
General Motors: 6, 856, 800
It is an American automobile manufacturing unit. It is the largest car manufacturer in the United States. Its market is North American focused. This is why GM produces many pickup trucks and SUVs.
Hyundai/Kia: 7,218,391
Hyundai Motor Group is a South Korean company with revenues of approximately USD 224.1 billion. Hyundai and Kia together are the sixth and seventh most valuable car makers in the world.
Volkswagen Group: 10,382,334
It is a German automotive manufacturer. Its market revenue as of 2020 was USD 245,600, making it the third most valuable entity.
Toyota: 10,466,051
Toyota is a Japanese manufacturer. It is known for making reliable and high quality cars. It is the second most valuable car company, just after Tesla.
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